Alibaba Group's $75M Investor Settlement Gets First OK

Published: 11/01/2019
Alibaba Group's $75M Investor Settlement Gets First OK
Source: WWW.LAW360.COM

Alibaba Group received preliminary approval in California state court Friday for a $75 million settlement that will resolve investors’ claims over allegedly false statements and omissions made in regulatory filings for the Chinese e-commerce company’s September 2014 initial public offering.

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